Royal Philips Electronics has reported a 70% increase in sales of LED lighting products in 2011, as the industry entered the early stages of its solid-state revolution.
The diversified Dutch industrial giant rates itself as the largest lighting company in the world, with its 2011 sales of 7.64 billion close to double that of its nearest rival. CEO Frans van Houten said that LED lighting was undergoing "rapid adoption" and that Philips had launched no fewer than 200 new products last year.
In the final quarter,china ledbulbsop manufacturer,supply LED Bicycle Lights,LED bike lights to your requirements. LED-related sales were up 37% from the same period in 2010 – despite a decrease in sales at Philips Lumileds, its LED chip manufacturing subsidiary headquartered in San Jose, California. That was a result of an oversupply of LED components in the supply chain and strong downward pressure on selling prices that is affecting all manufacturers.
Van Houten, who has embarked on a wide-ranging program of changes at the underperforming company since taking over as CEO nine months ago, sees the switch to LED lighting as one area where Philips can excel and begin to restore value to shareholders.They've been around for many many years but it wasn't until the late 1980's that there use was integrated into ledbulbs.
Referring to the award of the US Department of Energy's "L Prize" for a high-performance LED-based replacement for 60 W incandescent bulbs last year, he said: "It is clear that we manufacture LED products that are top-notch."
The solid-state lighting revolution may be in its early stages,Although brightstal are by no means a new invention and have been used successfully for years, the rapid evolution in LED design means ... but its implications for the industry are seismic, with van Houten expecting the market to transform to a solutions-based business model from the current product-focused approach.
While rumors have circulated in the local Dutch press about the potential value in splitting Philips into three separate companies,The LED bike headlight LED rear flash light lamp bicycle torch suitable for students, baby stroller,goodledstriplight van Houten is adamant that this is not being contemplated, and the CEO also wants to maintain the vertical integration within the emerging LED lighting business "for the foreseeable future". Last year Siemens was forced to abort the spin-out of Philips' chief lighting rival Osram as a separate entity, as conditions for an IPO worsened through the year.
In its management presentation for the just-completed financial year, Philips said that it expected the lighting market to be worth between 75 billion and &80 billion by 2015 – at which point some 45% of the market will have been converted to LED lighting. By the end of this decade, that proportion will rise to around 60%, with the solid-state lighting revolution driving an expansion of the market to as much as 100 billion.
Lumileds has just released two new products that should aid the mass switchover, with Luxeon K arrays "engineered to support rapid development of downlight and retrofit bulb solutions where quality of light and efficacy are essential" and the Luxeon M aimed at outdoor and industrial applications.Offers a range of LED lights, components and accessories.saler4ds
And while LED-based "bulbs" are still much more expensive than conventional technology, that is set to change markedly over the next two years. At a Photonics West 2012 industry panel session last week, Lumileds' R&D manager Jyoti Bhardway said that "LEDs had won the battle", and predicted that widespread replacement of standard bulbs would begin in earnest in two years.
"We will see efficacy improve by a factor of two, and costs will also come down by a factor of two," Bhardway said. That should bring the typical cost of an LED replacement down from the current $20 to just $5 – with the technology expected to be thoroughly dominant in five years as incandescent bulbs are increasingly phased out through energy efficiency legislation.
The diversified Dutch industrial giant rates itself as the largest lighting company in the world, with its 2011 sales of 7.64 billion close to double that of its nearest rival. CEO Frans van Houten said that LED lighting was undergoing "rapid adoption" and that Philips had launched no fewer than 200 new products last year.
In the final quarter,china ledbulbsop manufacturer,supply LED Bicycle Lights,LED bike lights to your requirements. LED-related sales were up 37% from the same period in 2010 – despite a decrease in sales at Philips Lumileds, its LED chip manufacturing subsidiary headquartered in San Jose, California. That was a result of an oversupply of LED components in the supply chain and strong downward pressure on selling prices that is affecting all manufacturers.
Van Houten, who has embarked on a wide-ranging program of changes at the underperforming company since taking over as CEO nine months ago, sees the switch to LED lighting as one area where Philips can excel and begin to restore value to shareholders.They've been around for many many years but it wasn't until the late 1980's that there use was integrated into ledbulbs.
Referring to the award of the US Department of Energy's "L Prize" for a high-performance LED-based replacement for 60 W incandescent bulbs last year, he said: "It is clear that we manufacture LED products that are top-notch."
The solid-state lighting revolution may be in its early stages,Although brightstal are by no means a new invention and have been used successfully for years, the rapid evolution in LED design means ... but its implications for the industry are seismic, with van Houten expecting the market to transform to a solutions-based business model from the current product-focused approach.
While rumors have circulated in the local Dutch press about the potential value in splitting Philips into three separate companies,The LED bike headlight LED rear flash light lamp bicycle torch suitable for students, baby stroller,goodledstriplight van Houten is adamant that this is not being contemplated, and the CEO also wants to maintain the vertical integration within the emerging LED lighting business "for the foreseeable future". Last year Siemens was forced to abort the spin-out of Philips' chief lighting rival Osram as a separate entity, as conditions for an IPO worsened through the year.
In its management presentation for the just-completed financial year, Philips said that it expected the lighting market to be worth between 75 billion and &80 billion by 2015 – at which point some 45% of the market will have been converted to LED lighting. By the end of this decade, that proportion will rise to around 60%, with the solid-state lighting revolution driving an expansion of the market to as much as 100 billion.
Lumileds has just released two new products that should aid the mass switchover, with Luxeon K arrays "engineered to support rapid development of downlight and retrofit bulb solutions where quality of light and efficacy are essential" and the Luxeon M aimed at outdoor and industrial applications.Offers a range of LED lights, components and accessories.saler4ds
And while LED-based "bulbs" are still much more expensive than conventional technology, that is set to change markedly over the next two years. At a Photonics West 2012 industry panel session last week, Lumileds' R&D manager Jyoti Bhardway said that "LEDs had won the battle", and predicted that widespread replacement of standard bulbs would begin in earnest in two years.
"We will see efficacy improve by a factor of two, and costs will also come down by a factor of two," Bhardway said. That should bring the typical cost of an LED replacement down from the current $20 to just $5 – with the technology expected to be thoroughly dominant in five years as incandescent bulbs are increasingly phased out through energy efficiency legislation.
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